DGAP-News: SMT Scharf AG: New Supervisory Board with many years of mining experience

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DGAP-News: SMT Scharf AG / Key word(s): Miscellaneous
SMT Scharf AG: New Supervisory Board with many years of mining
experience
12.05.2014 / 17:27
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Hamm, May 12, 2014 - The Supervisory Board that was newly elected by the
AGM on May 7 of SMT Scharf AG (WKN 575198, ISIN DE0005751986), the
technology and world market leader for captivated railway systems for
underground mines, has convened for the first time.
Michael Reich (51) was appointed Chairman of the Supervisory Board. He
holds a degree in mining engineering from the Technical University of
Clausthal. Reich has held various managerial positions in the mining sector
and its supply industry for the last 26 years. From 2002 until 2007, he was
CEO Europe and CIS at the mining and tunnel construction company Minova
Carbo Tech GmbH (sales: EUR 130 million, 900 employees), from 2007 until
2011 CEO of Minova International (sales: AUD 850 million, 2,500 employees)
and Member of the Managing Board at its Australian parent company Orica
(sales: AUD 7.3 billion, 15,000 employees) based in Melbourne, Australia.
Reich is Chairman of the Supervisory Board of DSI-DYWIDAG International as
well, which also operates in underground mining.
Hans Joachim Theiss (46), who was elected Deputy Chairman of the
Supervisory Board, holds a university business degree. He has more than ten
years of experience as a management consultant. From 2001, Theiss first was
Chairman of the Supervisory Board, and from 2006 was a Member of the
Management Board, before becoming CEO in 2007 of KSR Kübler
Niveau-Messtechnik AG (sales: approximately EUR 35 million, employees:
330), a supplier of level-measuring equipment to the process industry.
Since 2013, Theiss has been an independent consultant to medium-sized
companies.
The third Member of the Supervisory Board is Dr.-Ing. Dirk Vorsteher (62),
who, after gaining a degree and a doctorate in mechanical engineering at
RWTH Aachen, first held managerial positions at FAG Kugelfischer KGaA, a
leading producer of roller bearings. Between 1995 and 2007, Dr. Vorsteher
was Managing Director with responsibility for technology and production at
DBT Deutsche Bergbau-Technik GmbH (sales: EUR 850 million, employees:
3,000), the former parent company of SMT Scharf, which today forms part of
Caterpillar. Since 2010, Dr. Vorsteher has acted as an independent
consultant.
Christian Dreyer (51), CEO of SMT Scharf AG, looks forward to a fruitful
collaboration: "The new Supervisory Board of SMT Scharf AG brings with it
many years of experience in the mining and mechanical engineering industry.
I look forward to a creative and constructive exchange and collaboration.
Over the coming years, we will work together on a committed basis through
the current mining crisis into the next boom on successfully developing SMT
Scharf AG."
Company profile
SMT Scharf Group develops, manufactures and services transport equipment
for under-ground mines. The main products are captivated railways that are
used all over the world, primarily in black coal mines, but also in mines
for gold, platinum and other metals. These are needed to transport material
and personnel with payloads of up to 45 tons on gradients of up to 35
degrees. In addition the company supplies mines with chairlifts. SMT Scharf
Group has subsidiaries in six countries and agents worldwide. SMT Scharf
generates more than 90 % of revenues in growing foreign markets such as
China, Russia and South Africa. Business with replacement parts and repairs
contributes about half of revenue. The entire market for underground
transport equipment is estimated to be EUR 5 to 7 billion per year. SMT
Scharf AG has been listed in the Prime Standard (Regulated Market) of the
Frankfurt Stock Exchange since April 11, 2007.
Contact
Investor Relations
cometis AG
Henryk Deter / Patrick Ortner
Tel: +49(0)611 - 205855-16
Fax: +49(0)611 - 205855-66
e-mail: ortner@cometis.de
End of Corporate News
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Language: English
Company: SMT Scharf AG
Römerstrasse 104
59075 Hamm
Germany
Phone: +49 2381 960-01
Fax: +49 2381 960-230
E-mail: info@smtscharf.com
Internet: www.smtscharf.com
ISIN: DE0005751986
WKN: 575198
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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267885 12.05.2014